Assessment of income and assets from business structures for Centrelink payments 043-03010000

Policy

Guide to Social Security Law 4.2 Means Tests & Limits

Guide to Social Security Law 4.6 Assets

Guide to Social Security Law 4.4.1 General Provisions for Deeming

Guide to Social Security Law 4.7 Business Structures, Primary Production & pre-01/01/2002 Assessment of Trusts & Private Companies

Guide to Social Security Law 4.7.1 Assessing the Income & Assets of Sole Traders & Partnerships

Guide to Social Security Law 4.1.1 General Provisions of Deprivation

Guide to Social Security Law 4.12 Means Test Treatment of Private Trusts & Private Companies from 01/01/2002

Legislation

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Social Security Act 1991

• section 8, Income test definitions
• subsection 8, Excluded amounts - general, to access the relevant information
• section 11, Assets test definitions
• section 1118, Certain assets to be disregarded in calculating the value of a person's assets
• section 1072, General meaning of ordinary income
• section 1074, Ordinary income from a business-treatment of trading stock
• section 1075, Permissible reductions of business income
• section 1122, Loans
• section 1121, Effect of charge or encumbrance on value of assets
• section 1121A, Effect of certain liabilities on value of assets used in primary production
• section 1123, Disposal of assets
• Part 3.18, Means test treatment of private companies and private trusts